The Works of Walter Bagehot ...1891 |
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Загальні терміни та фрази
abstract Adam Smith amount augment Bank of England Bank of France bankers banking reserve bill-brokers bills borrow bullion capital capitalist cash causes cent circulation coin coinage commerce commodities consequence cost of production currency deal dealers demand deposits depreciation of silver difficulty diminish directors discount doubt Economist effect English equal evil exchange export fact foreign French gold greater important increase India Indian government industry interest James Mill joint-stock banks keep labor land Latin Union legal tender lend less liabilities Lombard Street London means ment metal mind money market nations nature never obtain paid panic payments persons political economy present price of silver principle probably produce profit quantity reason Ricardo rise rupees securities sell sovereign supply theory things tion trade transactions wealth Wealth of Nations whole
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Сторінка 346 - To expect indeed that the freedom of trade should ever be entirely restored in Great Britain, is as absurd as to expect that an Oceana or Utopia should ever be established in it.
Сторінка 373 - ... he is evidently a loser by the trade; since by employing his stock in some other way he might have made that profit. His profit, besides, is his revenue, the proper fund of his subsistence. As, while he is preparing and bringing the goods to market, he advances to his workmen their wages, or their subsistence; so he advances to himself, in the same manner, his own subsistence ; which is generally suitable to the profit which he may reasonably expect from the sale of his goods. Unless they yield...
Сторінка 383 - Haply, the River of Time, As it grows, as the towns on its marge Fling their wavering lights On a wider statelier stream — May acquire, if not the calm Of its early mountainous shore, Yet a solemn peace of its own.
Сторінка 89 - ... household expenses ; and it is highly probable that this was not a solitary case. At present the quantity of coin which is hoarded by private persons is so small that it would, if brought forth, make no perceptible addition to the circulation. But, in the earlier part of the reign of William the Third, all the greatest writers on currency were of opinion that a very considerable mass of gold and silver was hidden in secret drawers and behind wainscots.
Сторінка 309 - ... natural disinclination which every man has to quit the country of his birth and connexions, and intrust himself with all his habits fixed, to a strange government and new laws, check the emigration of capital. These feelings, which I should be sorry to see weakened, induce most men of property to be satisfied with a low rate of profits in their own country, rather than seek a more advantageous employment for their wealth in foreign nations.
Сторінка 372 - When the price of any commodity is neither more nor less than what is sufficient to pay the rent of the land, the wages of the labour, and the profits of the stock employed in raising, preparing, and bringing it to market, according to their natural rates, the commodity is then sold for what may be called its natural price.
Сторінка 378 - The actual price at which any commodity is commonly sold is called its market price. It may either be above, or below, or exactly the same with its natural price.
Сторінка 460 - If a day's labour of a working jeweller be more valuable than a day's labour of a common labourer, it has long ago been adjusted and placed in its proper position in the scale of value.
Сторінка 90 - ... tackle. There was a Greenland Fishing Company, which could not fail to drive the Dutch whalers and herring busses out of the Northern Ocean. There was a Tanning Company, which promised to furnish leather superior to the best that was brought from Turkey or Russia. There was a society which undertook the office of giving gentlemen a liberal education on low terms, and which assumed the sounding name of the Royal Academies Company. In a pompous advertisement it was announced that the directors...
Сторінка 367 - ED. when we have money we can more readily obtain whatever else we have occasion for than by means of any other commodity. The great affair, we always find, is to get money ; when that is obtained, there is no difficulty in making any subsequent purchase.